Competitive equilibrium with incomplete financial markets

被引：30

作者：

Cass, David ^{[1
]}

机构：

[1] Univ Penn, Dept Econ, Philadelphia, PA 19104 USA

来源：

JOURNAL OF MATHEMATICAL ECONOMICS | 2006年 / 42卷 / 4-5期

基金：

美国国家科学基金会;

关键词：

Cass trick; general financial equilibrium; incomplete markets;

D O I：

10.1016/j.jmateco.2006.04.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This is (in all modesty) my classic paper concerning existence and optimality in general financial equilibrium with incomplete financial markets, written in the spring of 1984 but only just now being published. The so-called Cass trick was first formulated and utilized in the analysis presented here. (c) 2006 Elsevier B.V. All rights reserved.

引用

页码：384 / 405

页数：22

共 10 条

[1]

ARROW K, 1963, REV ECON STUD, V31, P91

[2] STRUCTURE OF INVESTOR PREFERENCES AND ASSET RETURNS, AND SEPARABILITY IN PORTFOLIO ALLOCATION - CONTRIBUTION TO PURE THEORY OF MUTUAL FUNDS [J].